Greeks cut down on energy consumption


Households and businesses flipped their electricity and gas switches in 2022 to cope with high prices.

Official data from the Independent Power Transmission Operator (ADMIE) and the Natural Gas System Operator (DESFA) for the January-November period showed a plunge in demand for electricity by 25.07% and natural gas by 17.8%.

Greeks seem to have also limited their car use, mainly in the second half of the year, while despite the unseasonably high temperatures of the last two months, they stocked up on heating oil, taking advantage of state subsidies and refinery discounts.

Diesel sales also increased by 7% as a result of increased tourism traffic in the summer and its use as a replacement of expensive natural gas by the country's industrial enterprises. Heating and motor oil kept the fuel market upright, since gasoline showed a marginal increase (2%) in the...

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